Eco Topic 1 stats Flashcards
What kind of stats should bee remembered for the IMF? (4)?
How much the IMF injected into the global economy after GFC
How much was approved in loans to 92 countries since the start of the pandemic
How much was the assistance package to help Ukraine manage the eco effects of the war?
How much did Indonesia need to reduce gov debt to become eligible for a US$50bn rescue package from the IMF, and what did it result in?
How much did Indonesia need to reduce gov debt to become eligible for a US$50bn rescue package from the IMF, and what did it result in?
US$50bn rescue package on the line here, and it resulted in poverty doubling from 11 to 20% of the population (this is a criticism of thee IMF)
How much was the assistance package to help Ukraine manage the eco effects of the war?
IMF provided an emergency assistance package of US$1.4 billion to help Ukraine
How much was approved in loans to 92 countries since the start of the pandemic
$219 billion in loans
How much the IMF injected into the global economy after GFC
$250bn
What stats are important to remember for the US-China trade war?
How much were the tariffs imposed on steel in 2018 by the US towards China in an attempt to counter dumping?
What were the retaliatory tariffs of China towards the US in 2018?
How much did the US raise tariffs from in May 2019?
How did China retaliate to America’s tariffs on Chinese goods in 2019?
How much were the tariffs imposed on steel in 2018 by the US towards China in an attempt to counter dumping?
25%, to counter alleged dumping, protect employment and reduce trade deficit
What were the retaliatory tariffs of China towards the US in 2018?
Retaliated with 10% tariffs on $200bn of goods increasing to 25% by the end of 2018
How much did the US raise tariffs from in May 2019?
raised to 25% from 10% on $200bn worth of Chinese goods
How did China retaliate to America’s tariffs on Chinese goods in 2019?
China raised tariffs on $60bn worth of American goods
Important stats for Aus-China tense relations?
What % of tariffs did China place on Aus specific imports
What % of tariffs did China place on Aus specific imports?
Placed punitive tariffs on barley and wine (anti dumping duties between 107% and 212%)
Barley has duties of 80.5%
What stats are important to remember in the case of the PMV industry? (6)
What % tariff was placed in 1988 to protect the automotive industry? What were the effects
How much worth of subsidies was in the PMV industry in Aus (2015)
WHat % production advantage does Japan have in the PMV industry?
How many jobs were linked with the PMV industry (intermediate goods and direct employment)?
How many individuals became structurally unemployed in 2017 after the closure of the PMV industry due to lack of transferrable skills?
What was the local content rules regarding the PMV industry during the 1980s?
What % tariff was placed in 1988 to protect the automotive industry? What were the effects
40% tariff in 1988 to protect automotive industry –> artificially increased price of tractors and other imports –> IC of agricultural industry decreased –> producers pay $86m more for inputs. Essentially created a two speed economy
How much worth of subsidies was in the PMV industry in Aus (2015)
$500 million
